Insiders Seeing Green With WPC At New 52-Week High

In trading on Monday, shares of W.P. Carey Inc (WPC) touched a new 52-week high of $68.95/share. That's a 24.84% rise, or $13.72 per share from the 52-week low of $55.23 set back on 02/03/2014. That means at today's intraday high, any investor who purchased WPC stock any time over the past 52 weeks has an unrealized gain, including company insiders.

Over the past six months, insiders have been scooping up shares, and those bets are now paying off handsomely. As summarized by the table below, WPC has seen 3 different instances of insiders buying over the trailing six month period.

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Ten Bargains You Can Buy Cheaper Than The Insiders Did »

Purchased Insider Title Shares Price/Share Value
05/13/2014 Mary M. Vandeweghe Director 800 $61.63 $49,302.32
05/20/2014 Trevor P. Bond President & CEO 1,000 $61.98 $61,977.50
08/07/2014 Jean Hoysradt Director 500 $66.86 $33,428.90

The chart below shows where WPC has traded over the past year, with the 50-day and 200-day moving averages included.

W.P. Carey Inc Moving Averages Chart

In afternoon trading on Monday, WPC shares are changing hands at $68.53/share, slightly below the new 52-week high.

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